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The Islamic Republic of Pakistan's ministry of finance has selected Citigroup, Deutsche Bank, Dubai Islamic Bank and Standard Chartered as bookrunners for a US dollar sukuk offering, according to a ministry official who asked not to be identified. The mandate was officially decided last week, the official added. The ministry will decide on the tenor of the Islamic bond, as well as the format of the transaction, as early as next week, he said.

The Foreign Office (FO) clarified on Tuesday that no advice has been issued to close any embassy in the capital in the wake of sit-ins of Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT) in Red Zone. Security agencies have been advised to enhance security for the embassies and the Foreign Office has suggested to all the embassies in the capital to be cautious in their staff movements, according to the FO.
The government on Tuesday registered three more cases against Pakistan Tehreek Insaf (PTI) chief Imran Khan and Pakistan Awami Tehreek (PAT) leader Dr Tahirul Qadri attacking security personnel and a Supreme Court judge and causing harm to public and private property.
The value of the dollar moved both ways against the rupee on the money market on Tuesday in the process of trading, dealers said. The rupee managed to resist sharp fall in relation to the dollar, shedding 18-paisa for buying at Rs 102.68 and it also lost 15-paisa for selling at Rs 102.70, they said.
The Federal Board of Revenue (FBR) has decided to exclude certain categories of taxpayers from computerised random balloting for audit (Tax Year/Tax Period 2013) including non-corporate returns of salary income, fixed income, final tax regime, cases selected by Commissioner Inland Revenue, utility companies and government service providers for sales tax and Federal Excise Duty.
Eleven persons, including women and children lost their lives while 18 others received injuries when a three-storey building caved in here in Choori Mohallah, Ilyasabad, on Tuesday afternoon. The death toll was confirmed by Commissioner Hyderabad Jamal Mustafa Syed who visited the Civil Hospital.
Pakistan Institute of Legislative Development and Transparency (PILDAT) ranked Punjab on top account of governance followed by Khyber-Pakhtunkhawa (KP), Balochistan and Sindh. According to a survey conducted by PILDAT released here Tuesday, among the four provinces of Pakistan, Punjab scores significantly better in terms of the governance track-record of the provincial government.


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 02, 2014
Reserves $13.581 bln